Topic: Alts fall, Bitcoin falls ... where is the money going? - page 4. (Read 5630 times)
In the market all value doesn't go upwards forever even other resources such as oil, copper, gold goes down as well. It's completely normal for currencies such bitcoin for the price to go down people should understand that the price will not forever go up but rather should consider this a chance to buy bitcoin's while it's still in a dip. Bitcoin is strong you dont have to worry, you can safely store your assets into it and it has already graduated from price volatility as many investors such institutional/merchants has showed some interest in it and invested millions of it but doesn't panic with this price dip as the price will sure go up once again.
Mostly weak people dumps due to bitcoin split FUD. Another thing is the sudden rise of ICOs. ICOs are breaking records in a span of weeks. A couple f months ago MobileGo closed with 52 million usd but weeks later Bancor topped it with their 152 million usd. And just now ongoing Tezos ICO is already at around 215 million usd.
All ICO's wanting to unload to fiat, should all sell through a balancing smart contract. A contract could be designed to allow huge multi million dollar/ token sellers to maximize their selling without driving the price of Eth down. Kind of like a traffic light and speed limit signs is to autos. Creates an orderly exchange instead of an imbalance. Thats killing the market..
I also have a conspiracy that involves central banks and the US government trying to stop the death of the dollar by new money exploding into crypto. They may have had a hand in slowing things down a bit. We will see.. My gut is we will start another run to 4500 BTC this month..
Interesting idea, I'd like to hear more arguments for and against it. The first ICO that decides to unload a large amount of eth has a big first mover advantage in terms of achieving the highest price when selling.
Mostly weak people dumps due to bitcoin split FUD. Another thing is the sudden rise of ICOs. ICOs are breaking records in a span of weeks. A couple f months ago MobileGo closed with 52 million usd but weeks later Bancor topped it with their 152 million usd. And just now ongoing Tezos ICO is already at around 215 million usd.
All ICO's wanting to unload to fiat, should all sell through a balancing smart contract. A contract could be designed to allow huge multi million dollar/ token sellers to maximize their selling without driving the price of Eth down. Kind of like a traffic light and speed limit signs is to autos. Creates an orderly exchange instead of an imbalance. Thats killing the market..
I also have a conspiracy that involves central banks and the US government trying to stop the death of the dollar by new money exploding into crypto. They may have had a hand in slowing things down a bit. We will see.. My gut is we will start another run to 4500 BTC this month..
Hi
Thread title says it basically.
Almost all Altcoins are currently falling, which means they are dumped for Bitcoins.
So Bitcoins should be bought and therefore rising => but they are also falling.
Why is that?
and segwit may make bitcoin split into two like ETH and ETC so I think most bitcoin holders will turn bitcoin into fiat. not all holders are brave enough to keep hold of bitcoin at the moment. Thread title says it basically.
Almost all Altcoins are currently falling, which means they are dumped for Bitcoins.
So Bitcoins should be bought and therefore rising => but they are also falling.
Why is that?
This is a normal thing in bitcoin world, actually.
Every price really cheap and all.
Looks like ppl turning their alt and bitcoin into fiat.
So it will be more secure for them, and it makes them feel more "safe".
They prepared for the dump and the worst, I think.
Just be patient with it, we're gonna get through this.
Every price really cheap and all.
Looks like ppl turning their alt and bitcoin into fiat.
So it will be more secure for them, and it makes them feel more "safe".
They prepared for the dump and the worst, I think.
Just be patient with it, we're gonna get through this.
Most likely into FIAT and riding on the sidelines until there is more clarity in the market after August 1st (BTC issues).
Does anyone trust BTC here?? I see lots of people panicking most of the time even when there is a small dump on the price of BTC. I can agree that people are unsure about Segwit right now and selling. Some of the altcoins are recovering right now and hopefully, we will see some upwards fashion now in the market.
Many people do, but those who panic are more inclined to post about it and release some steam. I'm not worried at all, but that's mainly because I haven't invested anything above $2000 and I've already taken some profits when we were close to $3000.
I trust Segwit because I've seen it work wonders for Litecoin and I'm holding some ~$1000 Bitcoins so I'm fairly calm.
Fair and trust take time.
Hi
Thread title says it basically.
Almost all Altcoins are currently falling, which means they are dumped for Bitcoins.
So Bitcoins should be bought and therefore rising => but they are also falling.
Why is that?
There is nothing mysterious if altcoins are dumping and bitcoin is not pumping then the only explanation is that money is leaving the market for good, It think this is unrelated to the August first date because if it was we will see people dumping bitcoin and getting altcoin, so I think what we are seeing is just the whales grabbing their profits and getting ready for the next bubble. Thread title says it basically.
Almost all Altcoins are currently falling, which means they are dumped for Bitcoins.
So Bitcoins should be bought and therefore rising => but they are also falling.
Why is that?
Does anyone trust BTC here?? I see lots of people panicking most of the time even when there is a small dump on the price of BTC. I can agree that people are unsure about Segwit right now and selling. Some of the altcoins are recovering right now and hopefully, we will see some upwards fashion now in the market.
Many people do, but those who panic are more inclined to post about it and release some steam. I'm not worried at all, but that's mainly because I haven't invested anything above $2000 and I've already taken some profits when we were close to $3000.
I trust Segwit because I've seen it work wonders for Litecoin and I'm holding some ~$1000 Bitcoins so I'm fairly calm.
Does anyone trust BTC here?? I see lots of people panicking most of the time even when there is a small dump on the price of BTC. I can agree that people are unsure about Segwit right now and selling. Some of the altcoins are recovering right now and hopefully, we will see some upwards fashion now in the market.
Personal i think panic sell gives always loses. But i do understand why people do that. There are lots of reasons why people buy or sell alts.There are daytraders looking for fast profit and long-term supporters. Long-term currencies with active team & community and new developments & improvements will have a good future. BTC will also stay number 1 for a long long time and value will grow more.
Does anyone trust BTC here?? I see lots of people panicking most of the time even when there is a small dump on the price of BTC. I can agree that people are unsure about Segwit right now and selling. Some of the altcoins are recovering right now and hopefully, we will see some upwards fashion now in the market.
I make a new altcoin, mint 1,000,000 coins and keep them all myself, I list on an exchange and sell 10 to my friend for $100 each, the market value of my altcoin is now $100m.
Where did all the money come from?
Same as where it is all going when the prices go down, its all in your mind
Where did all the money come from?
Same as where it is all going when the prices go down, its all in your mind
Best explanation here but very few really understand.
When some noob opens a thread that the marketcap of coins has dropped by 20 billions 99% will think that 20 billions worth of coins have been sold.
In reality it might be as low as 20 millions.
Another example.
An altcoin has 1 million coins listed at 100$ market cap 100 millions.
Somebody sells 1000 coins , price drops to 90$ market cap is down to 90 millions.
So selling was around ~ 95 000$ but the market cap dropped by 10 millions.
Marketcap in an illiquid market can be bogus. But market cap in a liquid market is a relatively good estimation. If daily volume is $3 billion or so, and the market cap has fallen by 20 billion over 5 days, then there HAS essentially been going 20 billion gone out of the circuit give or take a factor of 2.
I make a new altcoin, mint 1,000,000 coins and keep them all myself, I list on an exchange and sell 10 to my friend for $100 each, the market value of my altcoin is now $100m.
Where did all the money come from?
Same as where it is all going when the prices go down, its all in your mind
Where did all the money come from?
Same as where it is all going when the prices go down, its all in your mind
That's why coinmarketcap values coins according to circulating not total supply...
The coin in your example would have a valuation of just $1000 on https://coinmarketcap.com
I make a new altcoin, mint 1,000,000 coins and keep them all myself, I list on an exchange and sell 10 to my friend for $100 each, the market value of my altcoin is now $100m.
Where did all the money come from?
Same as where it is all going when the prices go down, its all in your mind
Where did all the money come from?
Same as where it is all going when the prices go down, its all in your mind
Best explanation here but very few really understand.
When some noob opens a thread that the marketcap of coins has dropped by 20 billions 99% will think that 20 billions worth of coins have been sold.
In reality it might be as low as 20 millions.
Another example.
An altcoin has 1 million coins listed at 100$ market cap 100 millions.
Somebody sells 1000 coins , price drops to 90$ market cap is down to 90 millions.
So selling was around ~ 95 000$ but the market cap dropped by 10 millions.
Since the total market cap has fallen a lot lately, it's to be assumed that some of that money is going back to fiat.
I agree, they are converted to fiat in preparation for BTC dump once FUD take effect. August 1 update is for the scaling solution which had been one of the major problem of Bitcoin. Whales know that this will bring a good momentum to Bitcoin but them being clever creating FUD out of it by spreading news about chain split. They knew lots will be shaken and sell their BTC in cheaper price so this whales need a lot of Fiat currency to catch this cheaper bitcoin. In order for them to have more fiat without converting BTC, they need to dump their altcoin holdings.
That is normal maybe this is the red days but as I think maybe a month for the price to be recover and as soon as that will happen many of the people who buy bitcoin or altcoin now will get a benefit at the future but the most important is hold as long you don't need it because I am sure that maybe next week or month the price will pump again.
Hi
Thread title says it basically.
Almost all Altcoins are currently falling, which means they are dumped for Bitcoins.
So Bitcoins should be bought and therefore rising => but they are also falling.
Why is that?
Thread title says it basically.
Almost all Altcoins are currently falling, which means they are dumped for Bitcoins.
So Bitcoins should be bought and therefore rising => but they are also falling.
Why is that?
There is no such thing Forever, as well as bitcoin ..
But trust me the bitcoin will rise again, sooner or later ...
So for now just save your bitcoin
Whales, whales and whales. They are the main reason why everything turns into red and right now, they have collected a lot of money from late investors. They are really happy right now and I believe that the bubble has officially exploded. Everything will be very dark in this month and also the next month
Since the total market cap has fallen a lot lately, it's to be assumed that some of that money is going back to fiat.
ETH started falling as a result of congested blockchain issues during ICO's and is falling further with market uncertainty surrounding BTC future, so most ICO's who raised a fortune in ETH recently are forced to sell funds raised to reduce volatility which is further exacerbating it.
Illiquid Alts in the face of ETH & BTC falling are naturally following suit and falling even more aggressively.
So ETH is oversold imo and once it stabilises and recovers, alts will follow. Massive ICO's are incredibly bullish and in the next few months we will also see a lot of major releases of applications for DAPPS who's price has been mostly speculative to date. (REP, DGD, MAID, GNT, STRATIS etc..)
We had the currency boom (BTC & co), followed by the platform boom (ETH & Co) but we are just about to have the biggest one of all, which is the DAPP boom, where real businesses are disintermediated thanks to the foundation decentralised currencies & platforms have laid.
Illiquid Alts in the face of ETH & BTC falling are naturally following suit and falling even more aggressively.
So ETH is oversold imo and once it stabilises and recovers, alts will follow. Massive ICO's are incredibly bullish and in the next few months we will also see a lot of major releases of applications for DAPPS who's price has been mostly speculative to date. (REP, DGD, MAID, GNT, STRATIS etc..)
We had the currency boom (BTC & co), followed by the platform boom (ETH & Co) but we are just about to have the biggest one of all, which is the DAPP boom, where real businesses are disintermediated thanks to the foundation decentralised currencies & platforms have laid.
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